Artisan Partners Asset Management Inc (NYSE:APAM) – Investment analysts at William Blair upped their Q1 2020 EPS estimates for Artisan Partners Asset Management in a research note issued to investors on Tuesday, February 5th. William Blair analyst C. Shutler now expects that the asset manager will post earnings per share of $0.60 for the quarter, up from their previous estimate of $0.58. William Blair also issued estimates for Artisan Partners Asset Management’s Q2 2020 earnings at $0.66 EPS, Q3 2020 earnings at $0.70 EPS, Q4 2020 earnings at $0.74 EPS and FY2020 earnings at $2.70 EPS.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Monday, February 4th. The asset manager reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). Artisan Partners Asset Management had a net margin of 19.10% and a return on equity of 194.05%. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $193.12 million. During the same period last year, the firm earned $0.66 EPS. The company’s revenue was down 9.1% compared to the same quarter last year.

Several other equities research analysts have also recently commented on the company. Citigroup lowered their price target on Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, November 1st. TheStreet cut Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a research note on Friday, December 7th. Finally, Royal Bank of Canada set a $34.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Thursday, November 1st. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $32.80.

NYSE:APAM opened at $24.56 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.68. Artisan Partners Asset Management has a fifty-two week low of $20.16 and a fifty-two week high of $36.25. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.49 and a beta of 1.68.

A number of large investors have recently made changes to their positions in APAM. California Public Employees Retirement System grew its position in Artisan Partners Asset Management by 46.3% in the second quarter. California Public Employees Retirement System now owns 82,168 shares of the asset manager’s stock valued at $2,477,000 after acquiring an additional 26,018 shares during the period. Schroder Investment Management Group grew its holdings in shares of Artisan Partners Asset Management by 22.3% during the second quarter. Schroder Investment Management Group now owns 156,902 shares of the asset manager’s stock worth $4,675,000 after purchasing an additional 28,588 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Artisan Partners Asset Management by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 731,727 shares of the asset manager’s stock worth $22,061,000 after purchasing an additional 12,100 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Artisan Partners Asset Management by 5.6% during the second quarter. Northern Trust Corp now owns 732,382 shares of the asset manager’s stock worth $22,082,000 after purchasing an additional 39,061 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Artisan Partners Asset Management during the third quarter worth $207,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date of this dividend is Wednesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is presently 81.63%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

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